I need help with the General Ledger & the Calculation of Interest! Thank You!

GL0701 - Based on Problem 7-5A LO C2, C3, P4 The following selected transactions are from Sanchez Company. Year 1 Dec. 16 Accepted a $\$ 16,800,60$-day, $12 \%$ note in granting Carolyn Collins a time extension on his past-due account receivable. 31 Made an adjusting entiry to recond the accrued interest on the collins note. Year 2 Feb. 14 Received Collins's payment of principal and interest on the note dated December 16. Mar. 2 Accepted a $\$ 8,600,6 \%, 96$-day note in granting a time extension on the past-due account receivable from Perry Co. 17 Accepted a $\$ 12,600,30$-day, $8 \%$ note in granting Jim ohlm a time extension on her past-due account receivable. Apr. 16 Ohlm dishonored her note. May 31 Perry Co. dishonored its note. Aug. 7 Accepted a $\$ 12,600,90$-day, $8 \%$ note in granting a time extension on the past-due account receivable of Gonzalez Co. Sep. 3 Accepted a $\$ 6,600,60$-day, $10 \%$ note in granting Greg Taylor a time extension on his past-due account receivable. Nov. 2 Received payment of principal plus interest from Taylor for the September 3 note. Nov. 5 Received payment of principal plus interest from Gonzalez for the August 7 note. Dec. 1 Wrote off the Ohlm account against the Allowance for Doubtful Accounts. General Journal tab - Prepare the Year 2 journal entries related to the notes and accounts recelvable of Sanchez Co. Calculation of interest tab - Use the interest formula $(P \times R \times T)$ to verify the amount of interest recorded in your entries. Verify that total interest revenue agrees with the trial balance. General Journal >

Journal entry worksheet \begin{tabular}{lllllllllll} \hline 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 & 9 & 10 \end{tabular} Feb. 14 Received Collins's payment of principal and interest on the $\$ 16,800$, 60 -day, $12 \%$ note dated December 16 . The Sanchez Company does not prepare reversing entries. Verify the amount of interest using the "CALCULATION OF INTEREST" tab. Note: Enter debits before credits. \begin{tabular}{|c|c|c|c|c|} \hline Date & General Journal & Debit & Credit \\ \hline Feb 14 & 1 & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} Record entry Clear entry View general

Journal entry worksheet (1) 2 3 4 5 6 7 8 9 10 Mar. 2 Accepted an $\$ 8,000,6 \%, 90$-day note in granting a time extension on the past-due account receivable from Perry Co. Note: Enter debits before credits.

Journal entry worksheet 1 4 5 6 7 8 9 10 Mar. 17 Accepted a $\$ 12,600,30$-day, $8 \%$ note in granting Jim Ohlm a time extension on her past-due account receivable. Note: Enter debits before credits. \begin{tabular}{|c|c|c|c|} \hline Date & General Journal & Debit & Credit \\ \hline Mar 17 & & & \\ \hline & & & \\ \hline \end{tabular} Record entry Clear entry View general jo

Apr. 16 Ohlm dishonored her note. Iote: Enter debits before credits. Record entry Clear entry View genera

Journal entry worksheet (1) $\begin{array}{llllllllll}2 & 3 & 4 & 5 \mathrm{fm} & 6 & 7 & 8 & 9 & 10\end{array}$ May 31 Perry Co. dishonored ițs note. Note: Enter debits before credits. Record entry Clear entry View general

Journal entry worksheet (1) 2 3 4 5 7 8 9 10 Aug. 7 Accepted $a(n) \$ 12,000,90$-day, $8 \%$ note in granting a time extension on the past-due account receivable of Gonzalez Co. Note: Enter debits before credits. Vlew gener

Journal entry worksheet (1) 2 3 4 5 6 8 9 10 Sept. 3 Accepted a $\$ 6,600,60$-day, $10 \%$ note in granting Greg Taylor a time extension on his past-due account receivable. Note: Enter debits before credits. \begin{tabular}{|c|c|c|c|c|} \hline Date & General Journal & Debit & Credit \\ \hline Sep 03 & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline \end{tabular} Record entry Clear entry View general jou

Journal entry worksheet (1) 2 3 4 5 6 7 9 10 Nov. 2 Received payment of principal plus interest from Taylor for the September 3 note. Note: Enter debits before credits. Record entry Clear entry View gener:

Journal entry worksheet 1 2 3 4 5 6 7 8 firl 10 Nov. 5 Received payment of principal plus interest from Gonzalez for the August 7 note. Note: Enter debits before credits. Record entry Clear entry View general jo

Journal entry worksheet (1) 2 4 5 6 7 8 9 10 Dec. 1 Wrote off the Ohlm account against Allowance for Doubtful Accounts. No additional interest was accrued. Note: Enter debits before credits. \begin{tabular}{|c|c|c|c|c|} \hline Date & General Journal & Debit & Credit \\ \hline Dec 01 & & & & \\ \hline & & & & \\ \hline \end{tabular} Record entry Clear entry Vlew general

Sanchez Co. 15 points Calculation of interest revenue